Articles Tagged with "BAIC Group"

Beijing Hyundai sets annual sales target of 520,000 vehicles by 2025
Beijing Hyundai sets annual sales target of 520,000 vehicles by 2025

On March 23rd, Hyundai Motor Group disclosed its target to sell 520,000 vehicles annually in China by 2025 via its Chinese joint venture, Beijing Hyundai.

Mar. 23 , 2022
Beijing Hyundai secures $942.2 million capital increase from two parent firms
Beijing Hyundai secures $942.2 million capital increase from two parent firms

BAIC Investment and Hyundai Motor have entered into an agreement to jointly inject capital of around $942.2 million in their joint venture Beijing Hyundai, according to an announcement issued on March 18 by BAIC Motor, the parent of BAIC Investment.

Mar. 21 , 2022
Trunk.Tech completes Series B financing round led by BAIC Group
Trunk.Tech completes Series B financing round led by BAIC Group

China’s commercial vehicle autonomous driving developer, Trunk.Tech has completed its Series B financing round led by BAIC Capital, the venture capital of BAIC Group.

Feb. 16 , 2022
BAIC confirms not to further stake in Daimler
BAIC confirms not to further stake in Daimler

Daimler AG and China’s major automaker BAIC Group reemphasized their long-term partnership today, along with their cross-shareholding details.

Dec. 13 , 2021
Court seizes Beijing Borgward’s RMB2.2 billion assets for creditors
Court seizes Beijing Borgward’s RMB2.2 billion assets for creditors

The commercial vehicle subsidiary of BAIC Group, Foton, announced that its subsidiary Beijing Borgward received a court-ordered seizure for its RMB2.2 billion worth of assets, petitioned by creditors.

Dec. 10 , 2021
BAIC BJEV Nov. sales remain flat MoM
BAIC BJEV Nov. sales remain flat MoM

BAIC Bluepark, the holding company of BAIC BJEV, saw a year-on-year increase in its November sales while production remained low.

Dec. 8 , 2021